TED & DRAMA RUSSELL FAMILY FOUNDATION C/O EAST TN FOUNDATION

EIN: 472695560 501(c)(3) Philanthropy & Grantmaking

KNOXVILLE, TN

Total Revenue
$6,371,384
Total Expenses
$548,073
Total Assets
$107,535,909
Net Assets
$107,535,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TN
Principal Officer
DAWN RUSSELL VARNEDOE
Phone
8655241223
Tax Period
2024-01-01 to 2024-12-31

TED & DRAMA RUSSELL FAMILY FOUNDATION C/O EAST TN FOUNDATION, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 91% operating margin.

Mission

TO CARRY OUT CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,371,384
Other Revenue $0
TOTAL REVENUE $6,371,384

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,000
Other Expenses $523,073
TOTAL EXPENSES $548,073

Year-over-Year Comparison

2024 2023 Change
Revenue $6,371,384 $4,226,888 +0.5%
Expenses $548,073 $4,252,155 -0.9%
Net Income $5,823,311 $-25,267 -231.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM COGDILL INDEPENDENT 0.20
Director
$0 $0 $0
DAVID R HAYNES INDEPENDENT 0.20
Director
$0 $0 $0
SCOTT LOWE INDEPENDENT 0.20
Director
$0 $0 $0
CHARLES PECCOLO INDEPENDENT 0.20
Director
$0 $0 $0
DRAMA RUSSELL FAMILY TRUST 2.00
Director
$0 $0 $0
THEODORE W RUSSELL FAMILY TRUST 2.00
Director
$0 $0 $0
ANTHONY TUK INDEPENDENT 0.20
Director
$0 $0 $0
ASHLEY VARNEDOE FAMILY TRUST 2.00
Director
$0 $0 $0
DAWN RUSSELL VARNEDOE CHAIR, FAM. 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,371,384 $548,073 $107,535,909 $5,823,311
2023 $4,226,888 $4,252,155 $93,540,465 $-25,267
2022 $7,092,622 $458,123 $85,601,132 $6,634,499
2021 $6,828,732 $3,301,252 $97,704,141 $3,527,480
2020 $2,766,761 $3,131,367 $86,338,771 $-364,606
2019 $4,684,977 $2,898,358 $82,369,358 $1,786,619
2018 $6,437,765 $2,063,042 $67,021,283 $4,374,723
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